A company's stock rocked after changing its name to rare earth on AIM ---its business has nothing to do with rare earth.
Here is the story: http://www.telegraph.co.uk/finance/markets/8232346/Rare-Earth-Minerals-333pc-rise-after-name-change-puts-Aim-under-fresh-scrutiny.html
2010年12月31日星期五
Rare Earth 101: Where are they?
Rare earths are not rare, being found in low concentrations throughout the earth’s crust, and in higher concentration in numerous minerals.
Rare earths can be found in a variety of minerals, but the most abundant rare earth elements are found primarily in bastnaesite (氟碳铈矿) and monazite(独居石).
Bastnaesite typically contains light rare earths and a small amount of the heavies, while monazite also contains mostly the light, but the fraction of the heavy rare earths is two to three times larger.
Bastnaesite deposits in China and the US make up the largest percentage of economic rare earth resources.
Monazite deposits, found in Australia, Brazil, China, India, Malaysia, South Africa, Sri Lanka, Thailand, and the US make up the second largest segment.
Source: China’s Rare Earth Elements Industry: What Can the West Learn, by Cindy Hurst, Institute for the Analysis of Global Security
Rare earths can be found in a variety of minerals, but the most abundant rare earth elements are found primarily in bastnaesite (氟碳铈矿) and monazite(独居石).
Bastnaesite typically contains light rare earths and a small amount of the heavies, while monazite also contains mostly the light, but the fraction of the heavy rare earths is two to three times larger.
Bastnaesite deposits in China and the US make up the largest percentage of economic rare earth resources.
Monazite deposits, found in Australia, Brazil, China, India, Malaysia, South Africa, Sri Lanka, Thailand, and the US make up the second largest segment.
Source: China’s Rare Earth Elements Industry: What Can the West Learn, by Cindy Hurst, Institute for the Analysis of Global Security
2010年12月30日星期四
Smart and Serious - A glimpse of US strategy on Rare Earth
Why rare earth elements are desirable?
1. The ability to form unusually strong, lightweight magnetic materials when alloyed with other metals.
2. Optical propertie including fluorescence and emission of coherent light
These properties made rare earth metals valuable for clean energy technologies.
Why rare earth is monopolied?
Rare earths are difficult to extract in profitable quantities without substantial time and cost. This led to geographically concentrated production.
History of geographic concentration in the production of rare earths
Prior to 1948: placer sand deposits (砂矿) in Brazil and India.
1948 – 1970s: monazite deposits (独居石) in South Africa and elsewhere.
1970s-1980s: Mountain Pass mine in California （译作派斯山，帕斯山，加州山口矿）
Today: China.
Why is it so important today?
Worldwide investment in Clean Energy.
US: $80 billion in the American Recovery and Reinvestment Act. Electric vehicles; batteries and advanced energy storage: a smarter and more reliable electric grid; wind and solar technologies. Goal: double renewable energy generation and manufacturing capacities by 2012. Deploy hundreds of thousands of electric vehicles and charging infrastructure to power them: weatherize at least half a million homes; expand grid.
China: plans to deploy electric cars in 13 major cities. Connecting urban centers with high-speed rail. Building wind farms. Ultra-supercritical advanced coal plants and ultra-high-voltage long-distance transmission lines with low line loss.
India: National Solar Mission, aiming to reach 20 gigawatts of installed solar capacity by 2020.
Denmark: the world’s leading producer of wind turbines(风力发电机), earning more than $4 billion a year from that industry
Germany and Spain: world’s top installers of solar photovoltaic panels (太阳能光伏板), accounting for nearly three-quarters of a global market.
What can we do?
Three Strategies: 1. Diversified sources of supply 2. Substitutes 3. Recycling
Source: Keynote Address, David Sandalow, Assistant Secretary for Policy & Interntional Affairs, US Department of Energy. March 2010.
1. The ability to form unusually strong, lightweight magnetic materials when alloyed with other metals.
2. Optical propertie including fluorescence and emission of coherent light
These properties made rare earth metals valuable for clean energy technologies.
Why rare earth is monopolied?
Rare earths are difficult to extract in profitable quantities without substantial time and cost. This led to geographically concentrated production.
History of geographic concentration in the production of rare earths
Prior to 1948: placer sand deposits (砂矿) in Brazil and India.
1948 – 1970s: monazite deposits (独居石) in South Africa and elsewhere.
1970s-1980s: Mountain Pass mine in California （译作派斯山，帕斯山，加州山口矿）
Today: China.
Why is it so important today?
Worldwide investment in Clean Energy.
US: $80 billion in the American Recovery and Reinvestment Act. Electric vehicles; batteries and advanced energy storage: a smarter and more reliable electric grid; wind and solar technologies. Goal: double renewable energy generation and manufacturing capacities by 2012. Deploy hundreds of thousands of electric vehicles and charging infrastructure to power them: weatherize at least half a million homes; expand grid.
China: plans to deploy electric cars in 13 major cities. Connecting urban centers with high-speed rail. Building wind farms. Ultra-supercritical advanced coal plants and ultra-high-voltage long-distance transmission lines with low line loss.
India: National Solar Mission, aiming to reach 20 gigawatts of installed solar capacity by 2020.
Denmark: the world’s leading producer of wind turbines(风力发电机), earning more than $4 billion a year from that industry
Germany and Spain: world’s top installers of solar photovoltaic panels (太阳能光伏板), accounting for nearly three-quarters of a global market.
What can we do?
Three Strategies: 1. Diversified sources of supply 2. Substitutes 3. Recycling
Source: Keynote Address, David Sandalow, Assistant Secretary for Policy & Interntional Affairs, US Department of Energy. March 2010.
2010年12月29日星期三
China's export control lifted rare earth shares worldwide
US: Molycorp Inc’s share price climbed 6.45 percent to US$49.16 on Wednesday.
Australia: Lynas Corporation Limited, the Australia-based company, jumped 10.80 percent to 1.79 AUD per share.
Canada: Avalon Rare Metals Inc, based in Canada, went up by 41.23 percent to 6.44 CAD. Rare Element Resources Ltd, jumped by 41.27 percent to 14.65 CAD.
Market Vectors Rare Earth/Strategic Metals ETF, the first US-listed fund investing exclusively in producers of strategic metals including rare earths, went up 5.52 percent.
Companies in the index inlcude Australia’s Iiuka Resources Ltd. And Lynas Corp. , US – based Molycorp Inc, Canada’s Avalon Rare Metals Inc. and Hong Kong-listed China Rare Earth Holding Ltd.
Australia: Lynas Corporation Limited, the Australia-based company, jumped 10.80 percent to 1.79 AUD per share.
Canada: Avalon Rare Metals Inc, based in Canada, went up by 41.23 percent to 6.44 CAD. Rare Element Resources Ltd, jumped by 41.27 percent to 14.65 CAD.
Market Vectors Rare Earth/Strategic Metals ETF, the first US-listed fund investing exclusively in producers of strategic metals including rare earths, went up 5.52 percent.
Companies in the index inlcude Australia’s Iiuka Resources Ltd. And Lynas Corp. , US – based Molycorp Inc, Canada’s Avalon Rare Metals Inc. and Hong Kong-listed China Rare Earth Holding Ltd.
2010年12月28日星期二
China cut first round rare earths export quotas in 2011
China cut the export quotas for rare earth by 11 percent for the first round of 2011, according to the Ministry of Commerce.
The government allocated 14,446 metric tons of rare earth exports among 31 companies, compared with 16,304 metric tons in the same period last year, the ministry said in a statement on its website today.
Baotou Huamei Rare Earth Products Co Ltd, got 954 tons of export quota, the largest. It is followed by Baotou Rhodia Rare Earth Co Ltd, with 867 metric tons. Both are based in Baotou, a city in Inner Mongolia.
In a separate statement, the ministry said the government has not decided on the total export quota for 2011, which will be decided based on the total output of rare earths in China, domestic and foreign demand, as well as sustainability.
The government allocated 14,446 metric tons of rare earth exports among 31 companies, compared with 16,304 metric tons in the same period last year, the ministry said in a statement on its website today.
Baotou Huamei Rare Earth Products Co Ltd, got 954 tons of export quota, the largest. It is followed by Baotou Rhodia Rare Earth Co Ltd, with 867 metric tons. Both are based in Baotou, a city in Inner Mongolia.
In a separate statement, the ministry said the government has not decided on the total export quota for 2011, which will be decided based on the total output of rare earths in China, domestic and foreign demand, as well as sustainability.
2010年12月25日星期六
Man sentenced to prison for stealing rare earth, Xinhua reported
A man surnamed Zhu was sentenced for seven years in prison for stealing rare earth in south western China’s Jiangxi province, the official Xinhua News Agency reported today.
Mr Zhu worked at the europium oxide department of a rare earth company in Ganzhou city of Jiangxi. He stole a total of 18.28 kg of europium oxide, a mineral used in liquid crystal displays and color cathode-ray tubes in making comptuer monitors, for over 90 times from October 2007 to April 2008. The value of the mineral worth about 43,000 yuan, the report said.
link of the Chinese story: http://news.xinhuanet.com/society/2010-12/25/c_12917436.htm
Mr Zhu worked at the europium oxide department of a rare earth company in Ganzhou city of Jiangxi. He stole a total of 18.28 kg of europium oxide, a mineral used in liquid crystal displays and color cathode-ray tubes in making comptuer monitors, for over 90 times from October 2007 to April 2008. The value of the mineral worth about 43,000 yuan, the report said.
link of the Chinese story: http://news.xinhuanet.com/society/2010-12/25/c_12917436.htm
2010年12月24日星期五
Hitachi Metals and Molycorp to set up rare earth joint venture
Hitachi Metals and Molycorp to set up rare earth joint venture
Hitachi Metals, Ltd. and Morlycorp, Inc. agreed to set up a joint venture to produce rare earth alloys and magnets in the US, the two companies said on Dec 21st.
The venture plans to start in early April 2011, and it will be focused on the manufacture of neodymium-iron-boron alloys and magnets, which are vital to clean technology, automotive, computer, health care, communications and other technologies.
The decision came amid the concern in the industry about the exports control on these minerals in China, who controls about 97 percent of world’s rare earth supply. US and Japan are among the largest users of rare earth minerals.
“These joint ventures are an integral part of Molycorp’s ‘mine-to-magnets’ business plan, and they move our company and the United States one step closer to realizing the strategic goal of re-esablishing a complete rare earth manufacturing supply chain in the US,” said Mark Smith, Molycorp’s Chief Executive Officer.
Molycorp, based in Colorado, is the only rare earth oxide (REO) producer in the western hemisphere. It currently produces about 3,000 metric tons of commercial rare earth materials per year. It plans to expand its processing facility at Mountain Pass, California and produce 20,000 metric tons of REO per year by the end of 2012.
“We are well positioned to satisfy the growing demand from global customers for these rare earth magnets,” said Nobuhiko Shima, President of NEOMAX Company of Hitachi Metals, Ltd, the world’s top manufacturer of NdFeB magnets.
Hitachi Metals, Ltd. and Morlycorp, Inc. agreed to set up a joint venture to produce rare earth alloys and magnets in the US, the two companies said on Dec 21st.
The venture plans to start in early April 2011, and it will be focused on the manufacture of neodymium-iron-boron alloys and magnets, which are vital to clean technology, automotive, computer, health care, communications and other technologies.
The decision came amid the concern in the industry about the exports control on these minerals in China, who controls about 97 percent of world’s rare earth supply. US and Japan are among the largest users of rare earth minerals.
“These joint ventures are an integral part of Molycorp’s ‘mine-to-magnets’ business plan, and they move our company and the United States one step closer to realizing the strategic goal of re-esablishing a complete rare earth manufacturing supply chain in the US,” said Mark Smith, Molycorp’s Chief Executive Officer.
Molycorp, based in Colorado, is the only rare earth oxide (REO) producer in the western hemisphere. It currently produces about 3,000 metric tons of commercial rare earth materials per year. It plans to expand its processing facility at Mountain Pass, California and produce 20,000 metric tons of REO per year by the end of 2012.
“We are well positioned to satisfy the growing demand from global customers for these rare earth magnets,” said Nobuhiko Shima, President of NEOMAX Company of Hitachi Metals, Ltd, the world’s top manufacturer of NdFeB magnets.
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